Foreign-invested leather and footwear enterprises are prevailing over local firms in export turnover, accounting for up to 80 percent of the combined sector’s total export value.
Multidisciplinary conglomerate Vingroup signed co-operation contracts with nearly 250 local firms in 7 industries on June 1 under its programme to support and promote domestic production.
The Government has approved a plan to help Vietnamese businesses directly participate in foreign distribution networks through 2020 to help Vietnamese goods penetrate international markets.
A considerable number of Vietnamese businesses haven’t been ready for economic integration into ASEAN though the ASEAN Economic Community (AEC) is to be formed at the year’s end.
Vietnamese enterprises have a big opportunity to enter the global value chain with several investors entering the country, the Chairman of Vietnam Association of Foreign Invested Enterprises said.
With an area of more than 36 million square meters and a combined population of nearly 1.5 billion, the Middle East-African region has become a promising market for Vietnamese businesses.
Minister of Industry and Trade Vu Huy Hoang hailed active and creative Vietnamese firms for investing in Singapore in the context of globalisation and regional and international integration.
Vietnamese businesses should pioneer in joining the Iranian market as well as proactively improve the quality of products and establish trade partnerships with local partners.
South Africa has always prioritised trade, investment and cooperation with Vietnam, and this year, it will offer even more investment opportunities for businesses from Vietnam and Da Nang.
Vietnamese small- and medium-sized enterprises (SMEs) face
increasingly tough challenges because of their weak competitiveness and
the government's ineffective support policies, according to economist
Nguyen Tri Hieu.
Many local enterprises do not know much about the Trans-Pacific
Partnership (TPP) and the AEC free trade agreements (FTAs) that are
expected to be signed this year.
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